Super Crop Safe Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company reported a net profit of ₹72.81 lakhs for the quarter, down from ₹131.30 lakhs in the preceding quarter. Notably, the independent auditor has issued a qualified conclusion, highlighting material uncertainties regarding the company’s ability to continue as a going concern due to significant unpaid statutory dues and overdue trade receivables and payables.
Super Crop Safe Limited Announces Q2 FY27 Unaudited Financial Results
Super Crop Safe Limited has submitted its unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The results, approved by the Board of Directors on November 7, 2026, reveal a net profit of ₹72.81 lakhs for the second quarter, compared to ₹131.30 lakhs in the previous quarter (ended June 30, 2026). For the half-year ended September 30, 2026, the net profit stood at ₹204.11 lakhs.
Financial Performance Highlights
Revenue from operations for the quarter ended September 30, 2026, was ₹1654.79 lakhs. Total expenses for the quarter amounted to ₹1583.36 lakhs, resulting in a profit from operations before exceptional items and tax of ₹71.81 lakhs. The total comprehensive income for the quarter was ₹75.22 lakhs.
In the Balance Sheet as at September 30, 2026, the company’s total assets were reported at ₹9,395.34 lakhs, with equity and liabilities also totaling the same amount. Key liabilities include current liabilities of ₹4,524.84 lakhs, comprising trade payables of ₹822 lakhs (including ₹741.01 lakhs due to others).
Auditor’s Qualified Conclusion
The independent auditor’s review report, provided by Parimal S. Shah & Co., highlights significant concerns regarding the company’s going concern assumption. As of September 30, 2026, the company had substantial unpaid statutory dues, including salaries, provident fund, and professional tax, totaling ₹398.79 lakhs. Additionally, there are significant overdue trade receivables amounting to ₹1,085 lakhs out of total receivables of ₹3,418 lakhs, and overdue trade payables of ₹531 lakhs out of total payables of ₹822 lakhs.
The auditor states, “These conditions, considered together, indicate a material uncertainty that casts significant doubt on the Company’s ability to continue as a going concern.” Furthermore, the report notes that the financial results may not adequately disclose these facts and management’s mitigation plans, constituting a departure from the applicable financial reporting framework. Despite these concerns, the auditor concludes that, based on their review, nothing has come to their attention to suggest that the unaudited financial results do not give a true and fair view, except for the effects of the matter described.
Cash Flow Statement Summary
The unaudited cash flow statement for the half-year ended September 30, 2026, shows a net cash generated from operations of ₹(121.14) lakhs. Net cash used in financing activities was ₹135.13 lakhs, primarily due to the proceeds from borrowings and finance cost paid. The net change in cash and cash equivalents for the period was an increase of ₹14.14 lakhs, bringing the closing balance to ₹17.06 lakhs.
Source: BSE
